IPOH (June 4): Sunway Onsen Suites, developed by Sunway Property, has achieved a take-up rate of 90% for its first tower comprising 252 units serviced suites.
Strategically situated within the Sunway City Ipoh township in Tambun, Ipoh, the Sunway Onsen Suites development comprises four tower blocks in total with a gross development value (GDV) of over RM500 million.
Sunway Onsen’s serviced suites come in four variations with studio, two-bedroom and three-bedroom versions ranging from 592 sq ft to 1,184 sq ft as well as six units of luxurious Onsen Villas starting at 2,712 sq ft.
The well-conceptualised development is Asia’s first serviced suites that integrate natural hot springs within the development.
In a media statement today, Sunway City Ipoh Executive Director Wong Wan Wooi attributed the good sales of Sunway Onsen Suites to its unique feature proposition, green surroundings, and its strategic location within the multitude of amenities in Sunway City Ipoh which provides convenience to residents.
“Our investors are attracted to the rental yield and potential capital appreciation that is inherent in a unique resort-like development within Ipoh which is garnering rising international acclaim both as a tourism township as well as a retirement destination,” he added.
The development is located within the 31-acre Sunway City Ipoh development which carries a GDV of RM2 billion. Upcoming developments within the township include Sunway Medical Centre, assisted living development with hot springs facilities, the proposed Lost World mall and an education component in addition to Sunway City Ipoh’s existing residential, Lost World of Tambun, Lost World Hotel, The Banjaran Hotsprings and Sunway College Ipoh developments.
Modelled after the successful township of Sunway City in Kuala Lumpur, Sunway Onsen Suites is part of Sunway Property’s future investment plan which is estimated at another RM4 billion in Perak over the next 15 to 20 years.
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